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Back-end loan fund — A mutual fund that charges investors a fee to sell ( redeem) shares, often ranging from 4% to 6%. Some back end load funds impose a full commission if the shares are redeemed within a designated time, such as one year. The commission decreases… … Financial and business terms

loan guarantee — ➔ guarantee2 * * * loan guarantee UK US (US also loan guaranty) noun [C] ► BANKING, FINANCE an agreement where a government or financial organization promises to pay back a loan if the borrower cannot: » A loan guarantee from the government… … Financial and business terms

loan — loan1 W2S2 [ləun US loun] n [Date: 1100 1200; : Old Norse; Origin: lan] 1.) an amount of money that you borrow from a bank etc loan of ▪ a loan of £60,000 ▪ I had to take out a loan to buy my car. ▪ It ll be years before we ve paid off the loan … Dictionary of contemporary English

back — back1 backless, adj. /bak/, n. 1. the rear part of the human body, extending from the neck to the lower end of the spine. 2. the part of the body of animals corresponding to the human back. 3. the rear portion of any part of the body: the back of … Universalium

back — I. /bæk / (say bak) noun 1. the hinder part of the human body, extending from the neck to the end of the spine. 2. the part of the body of animals corresponding to the human back. 3. the rear portion of any part or organ of the body: the back of… … Australian English dictionary

back — I [[t]bæk[/t]] n. 1) anat. zool. the rear part of the human body, from the neck to the end of the spine 2) anat. the part of the body of animals corresponding to the human back 3) the rear portion of any part of the body: the back of the… … From formal English to slang

Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… … Wikipedia

Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia

Back-to-back loan — A loan in which two companies in separate countries borrow each other s currency for a specific time period and repay the other s currency at an agreed upon maturity. The New York Times Financial Glossary * * * back to back loan back to back loan … Financial and business terms